Western Union (NYSE:WU – Get Rating) had its target price reduced by equities researchers at Northland Securities from $24.00 to $22.00 in a research report issued on Thursday, The Fly reports. Northland Securities’ price target suggests a potential upside of 35.38% from the company’s current price.
Several other equities research analysts also recently commented on WU. Citigroup downgraded shares of Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Friday, April 29th. TheStreet downgraded shares of Western Union from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. Morgan Stanley cut their target price on shares of Western Union from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday. The Goldman Sachs Group initiated coverage on shares of Western Union in a research report on Tuesday, May 17th. They issued a “sell” rating and a $18.00 target price for the company. Finally, Wolfe Research downgraded shares of Western Union from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $20.00 to $17.00 in a research report on Wednesday, July 20th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.23.
Western Union Price Performance
Shares of Western Union stock traded down $0.96 on Thursday, hitting $16.25. The company had a trading volume of 6,856,114 shares, compared to its average volume of 4,615,332. The business has a 50-day simple moving average of $16.82 and a 200-day simple moving average of $17.81. The company has a debt-to-equity ratio of 7.18, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $6.27 billion, a PE ratio of 7.16 and a beta of 0.89. Western Union has a 52 week low of $15.30 and a 52 week high of $22.93.
Western Union (NYSE:WU – Get Rating) last released its earnings results on Wednesday, August 3rd. The credit services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union had a net margin of 18.29% and a return on equity of 269.10%. During the same quarter last year, the firm earned $0.48 earnings per share. Research analysts expect that Western Union will post 1.8 EPS for the current fiscal year.
Institutional Investors Weigh In On Western Union
Several institutional investors have recently modified their holdings of the business. Tortoise Index Solutions LLC grew its position in shares of Western Union by 4.0% during the 4th quarter. Tortoise Index Solutions LLC now owns 13,894 shares of the credit services provider’s stock worth $248,000 after buying an additional 540 shares during the period. FCF Advisors LLC grew its position in shares of Western Union by 2.7% during the 1st quarter. FCF Advisors LLC now owns 25,304 shares of the credit services provider’s stock worth $474,000 after buying an additional 661 shares during the period. Parallel Advisors LLC grew its holdings in Western Union by 17.1% during the second quarter. Parallel Advisors LLC now owns 4,544 shares of the credit services provider’s stock valued at $75,000 after purchasing an additional 662 shares during the period. Oxbow Advisors LLC grew its holdings in Western Union by 0.4% during the first quarter. Oxbow Advisors LLC now owns 188,768 shares of the credit services provider’s stock valued at $3,538,000 after purchasing an additional 686 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its holdings in Western Union by 4.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 15,906 shares of the credit services provider’s stock valued at $284,000 after purchasing an additional 694 shares during the period. Institutional investors and hedge funds own 97.43% of the company’s stock.
About Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.